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72 James Street Parry Sound, Ontario P2A 1T5

Fully Air Conditioned Hot Water Radiator Heat

$3,380,000

Exceptional Hospitality Investment in Downtown Parry Sound | Rare opportunity to acquire a well-established 22-room hotel and thriving sports bar (LLBO)/restaurant located on a prominent corner in the heart of downtown Parry Sound. Set on a 26,000+ sq ft property with approximately 20 parking spaces plus additional parking at the front and rear, this landmark property offers scale, visibility, and strong year-round tourism exposure. The restaurant and sports bar occupy roughly half of the building and feature over 300 seats on the main floor, 244 seats on the second floor, and a 50-seat outdoor patio. The professionally equipped kitchen includes a 12-ft exhaust hood, extensive commercial equipment, two walk-in coolers, and four washrooms, allowing for efficient high-volume operations. Owned and successfully operated by the current owner for approximately 10 years, the business benefits from a stable management team and consistent performance. Recently renovated interiors enhance the guest experience, with new branding/signage, upgraded audio/video systems, restaurant furnishings and HVAC system. Additional space on the second floor and lower level provides opportunities for expansion, events, or additional revenue streams. Positioned at one of Parry Sound's most visible downtown intersections, 72 James Street offers an outstanding opportunity to acquire a recognized hospitality destination in a growing Northern Ontario market. (id:9952)

Business

Business Type Accommodation
Business Sub Type Motel

Property Details

MLS® Number X12973712
Property Type Business
Community Name Parry Sound

Building

Cooling Type Fully Air Conditioned
Heating Fuel Natural Gas
Heating Type Hot Water Radiator Heat
Utility Water Municipal Water

Land

Acreage No
Size Depth 263 Ft ,6 In
Size Frontage 132 Ft ,3 In
Size Irregular 0.6
Size Total 0.6 Ac
Size Total Text 0.6 Ac
Zoning Description C1

https://www.realtor.ca/real-estate/29576111/72-james-street-parry-sound-parry-sound

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